| I can’t say exactly how effective Bitcoin is as a money, but it’s being perceived by many as an alternative money and so is worth paying attention to. Money needs to be both a medium of exchange and a storehold of wealth — and the latter is more important. I doubt that any central bank will take it on as a reserve currency. That’s because all of the transactions are public, so there’s no privacy to it, and there’s a risk that in the future the code could be broken to make it less effective through government controls. My personal approach is that I do have some Bitcoin in my portfolio, but not much. @TheMasterInvestorPodcast You can watch the full conversation here: |
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Ray Dalio Explains Gold v. Fiat Currencies
2025-09-23
Gold is now the second largest reserve currency, behind the US dollar.
To understand why, you need to look at the history of fiat currencies (like the dollar) and hard currencies (like gold).
The way I see it, we’re currently facing a classic currency devaluation similar to what we saw in the 1970s or the 1930s. In both of those cases, fiat currencies around the world all went down together — and also went down in relationship to hard currencies, like gold.
If events today follow a similar pattern, that makes hard currencies an attractive asset to hold.
At least, that’s how it looks through my eyes. I’m curious to hear what you think.
You can watch the full conversation here: ?feature=shared
My Biggest Failure Became My Strength
2025-08-20
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Will We See the U.S. Dollar Backed By Gold Again?
2025-08-05
The U.S. dollar used to be backed by gold — and it’s not farfetched to think we may be headed there again in the future.
History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation.
Once people start to lose trust in the fiat system, we see a specific cause and effect reaction occur.
1) Governments print a lot of money
2) They pay off the debt with the cheap money
3) Nobody wants to hold the devalued currency
4) Governments go back and link money to gold
Will this same pattern happen again? It’s hard to say, and it wouldn’t happen anytime soon. But it is conceivable.
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